Accounting Firm EY Grapples With Partner Pay, Bear Market in Breakup

Ernst & Young’s leaders, making an attempt to steer companions to split up the firm, mentioned windfalls could be unfold evenly, however a bear market threatens to chop the worth of a possible preliminary public providing of its consulting enterprise, based on an inner webcast and other people accustomed to the matter.

Speaking to EY’s roughly 13,000 companions Monday, Global Chairman and Chief Executive Carmine Di Sibio mentioned that the agency would give all companions in a rustic the identical a number of of pay, based on a recording of the webcast reviewed by The Wall Street Journal.